Category: Stocks

Amazon error mistakingly sank Fitbit’s stock by 7%

Some stories are hard to believe: After Fitbit’s number 1 position in Apple’s AppStore send the stock 7% higher, Amazon released it’s holiday sales and erroneously listed Garmin as the number 1 selling wearables maker. Later it acknowledged that it had made a mistake and forgotten about Fitbit in its entire ranking. Following the initial…

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Wow, what’s going on with Fitbit’s stock?

Fitbit (FIT) stock up 7% on news that UnitedHealthCare Motion Program Participants can earn up to $1,500 in annual healthcare rewards by using Fitbit’s Charge 2. Here is Fitbit’s full press release: Fitbit Announces Integration with Qualcomm Life’s 2net Platform to Help UnitedHealthcare Motion Program Participants Earn Up to $1,500 in Annual Rewards The first custom…

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Is my worst investment of the year making a comeback?

Fitbit (FIT) has been my worst investment of the year 2016, by far. The stock is down 75% so far. The reasons for the latest decline were expectations of a bad holiday sales season because of expected supplier problems and delays with deliveries to stores worldwide. However, today, Fitbit is up more than 7.7% on…

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What Monte Paschi tells us about corruption in Europe and the stock market

The silence was deafening. On the afternoon of Dec. 9, Marco Morelli, chief executive officer ofBanca Monte dei Paschi di Siena SpA, was preparing for a board meeting in the lender’s Belle Epoque-era offices in Milan when the news hit: the European Central Bank had rejected his bid for more time to raise the 5…

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